A 20% plunge in the U.S. heating oil contract on Friday caused U.S. oil prices to fall while those overseas managed an increase in the day’s trading. West Texas Intermediate crude for June delivery fell 67 cents to close at $104.69 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude for …
May 1, 2022 archive
A week for quarterly financial reports
This is a big week for lots of energy firms across Oklahoma as their quarterly financial reports will be unveiled, showing either a hoped-for gain of profits or whether belt-tightening is necessary. It should also reveal whether some oil and gas companies in the state will perhaps expand their energy efforts because of oil …
Gasoline prices edge upward in Oklahoma
Gasoline prices in Oklahoma and across the U.S. rose two cents a gallon in the past week reaching a statewide average of $3.80 and an average of $4.18 across the nation. The American Automobile Association reported on Sunday that Oklahoma prices were $3.78 a week ago and $3.79 one month ago. A year ago, …